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LTE Market

LTE Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology and Application - Global Opportunity Analysis and Industry Forecast, 2012 - 2020

IC : Telecom & Wireless

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Author's: Lita Person | Onkar Sumant
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LTE Market Overview:

Global LTE  Market is expected to garner $997 billion by 2020, registering a CAGR of 58.2% during the forecast period 2013-2020.

LTE Market

4G LTE is the latest technology in the mobile broadband market. LTE can provide a data speed of up to 30 Mbps and LTE Advance can even provide a speed of 100 Mbps. Moreover, this is an era of sophisticated gadgets, which provides the users with most of the features of a computer handy. Use of internet in mobile devices such as tablets, phablets, smartphones and mobile data cards, is the primary reason that has pushed the adoption of mobile broadband service across the globe. The development of new mobile applications that provide video streaming, video calls, and many other real-time functioning features, has brought the need for high-speed mobile broadband internet.

Increased need for higher data-rates and greater spectral efficiency are the primary factors driving the market growth. Implementation of LTE in the public sectors such as public safety as well as in defence and security is further driving the market exponentially. These applications require high-speed communication at times of emergency; therefore, LTE is the best-suited network to feed this need. Furthermore, changing customer preferences and rising demand for high-speed mobile broadband in Asia Pacific region has created a huge potential in the APAC market. Telecom operators have planned highest number of LTE installations in these developing countries.  

Segmentation Overview

The world LTE market is segmented on the basis of technology, application and geography Based on technology, world LTE market is segmented into LTE FDD, LTE TDD and LTE advance. Based on application, world LTE market is segmented into M2M & connected device, public safety LTE, VoLTE, surveillance browsing & large enterprise, video on demand and defense & security. The market is analyzed on the basis of four regions, namely North America, Europe, Asia-Pacific and RoW.

LTE Market by Technology

The market based on application is segmented into M2M and connected device, public safety LTE, VoLTE, video on demand, defense and security and others. At present browsing, surveillance and large enterprise that come under the “others” segment in our report, is the highest revenue generating market with a market share of 35.5% in 2012 and is expected to hold the place throughout 2020. However, Defense and Security would be the fastest growing market throughout 2013-2020.

Top Factors Impacting World LTE Market

The world LTE market is influenced by numerous factors including need for high data transfer rates, rise in adoption of public safety LTE, limited spectrum, growth in wireless Infrastructure. In addition, increasing adoption of managed security services fuel the growth of the market. These factors collectively create opportunities for the market growth, whereas some of them hamper the market growth. However, each factor would have its definite impact on the market during the forecast period.

Need for high data transfer rates

With increasing technological advancements and rising awareness regarding the same are acting as strong factors in the market. Customers expect a rapid, smooth and seamless data access while using a mobile broadband. These demands of the customers are highly influencing the adoption of the LTE. 4G LTE provides approx. 30 Mbps speed to the users. In some areas, 4G LTE can even exceed the maximum speeds of ADSL2+ broadband. Faster the data speed, better is the communication of a device with online websites through a browser or an application. LTE-advance is expected to offer data rates up to 100 Mbps to mobile users and 1Gbit/s fixed speed. Time constraint with the 2G and 3G networks, which fall below the LTE, is also a strong reason for adoption of 4G LTE.

Rise in adoption of public safety LTE

Certain public safety networks help the customers to communicate with services like fire, police and ambulance. As these networks are designed for emergency help, it is essential that the network is highly robust and provide high-speed communication services. With 4G-LTE, responders can collaborate, communicate and operate with each other. This assists in fast and precise decision-making and improves public safety.

Limited spectrum

LTE service is provided through a specific band of high frequency radio waves. The companies providing this service are allotted specific bands of spectrum to be used for its operation. These spectrums are auctioned by the government and the companies need to offer services through these frequency bands. With increasing demand for mobile communication, there has been a scarcity in the available bands for data transfer. This availability of limited spectrum is posing a challenge to manufacturers who manufacture LTE supporting devices as well as the telecom companies. This is hindering the LTE market growth.

LTE Market by Application

Top Winning Strategies

The market is largely driven by partnership strategy. Increased need for higher data transfer rates and greater spectral efficiency driven by increased data usage has contributed to the growth of the world LTE market. The vendors in the market offer cost-effective and differentiated products in the market to enhance their portfolios.

LTE Market by Region

Key Benefits

  • The report provides a comprehensive analysis of the world LTE market with current trends and future growth opportunities, challenges, and competitive scenario.
  • The current market trends are quantitatively analyzed and estimated for the period 2012–2020, which have been provided to highlight the financial competency of the market.
  • Porter’s five forces analysis provides inputs on the potential of buyers and suppliers and highlights the competitive structure of the market, which is likely to enable market players to devise effective growth strategies and facilitate better decision-making.
  • Value chain analysis provides key inputs on the role of different stakeholders involved at various stages.
  • SWOT analysis of the key market players highlights the essential strengths and potential opportunities in the market.

LTE Market Report Highlights

Aspects Details
  • Global LTE-TDD market
    • Global LTE advance market
    • Global LTE-FDD market
    • Global LTE network services market
  • Global LTE infrastructure market
  • Global LTE terminal equipment market
    • Routers
    • USB modems
    • DAS
    • Femtocell
    • Others
    • Handheld devices
  • M2M and Connected Device
  • Public Safety LTE
  • Video-on Demand
  • VoLTE
  • Defense and Security
  • Others (IP Surveillance, Browsing)
  • North America
  • Europe
  • Asia Pacific
  • ROW
Key Market Players

China Mobile Ltd, Verizon Communication Inc, LM Ericsson, Alcatel-Lucent, Bharti Airtel Ltd, AT&T, Inc, Vodafone Group Plc, Nokia Solutions and Networks. B.V, NTT DOCOMO, Inc, Huawei Technologies Co. Ltd

Analyst Review

Higher data-transfer rate and greater spectral efficiency are crucial market dynamics propelling the global LTE market. The LTE market is at a developing stage and the rising demand for high-speed mobile broadband services is anticipated to give a strong thrust to this market, assisting it to conquer a huge share of the current 3G market. We have reached to conclusive estimations based on current state of the market in terms of revenue and sales volume. Further, a deep-dive analysis of the market trends, considering decisive factors such as government regulations, consumer price sensitivity, consumer preferences, LTE spectrum scenario, etc., have helped us to estimate the global market size during the analysis period. The report offers insights revealing future growth potential in the technology, application and geographic market, to assist the stakeholders in making actionable and profitable decisions. The porter’s five-force analysis reveals the bargaining power of buyers and suppliers in the market and discusses the threat of new entrants and substitutes in the market. The report also discloses the top factors affecting the market; differentiated as drivers, restraints and opportunities. Future impact of these factors has been studied in relation to the intensity of the impact each of these factors may have on the market. The high-level analysis in the report unveils the key profitable sectors in the market during the analysis period.

Author Name(s) : Lita Person | Onkar Sumant

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LTE Market

Global Opportunity Analysis and Industry Forecast, 2012 - 2020